Breaking all the hell...FTX

Sprintcyclist wrote:


Yet another conspiracy theory aired

That how you choose what to believe?

What you WANT to be true?

https://americafirstreport.com/now-collapsed-ftx-crypto-slush-fund-laundered-ukraine-donation-money-to-democrat-candidates-to-help-rig-midterms/

Casey Jones wrote:

vege57 wrote:

""I've said, all along, that crypto was a series of pyramid schemes""

Its a platform to make or lose money, Just like the stock exchange , The art is knowing when to buy and sell

Not at all.  A stock, is an asset.  It's a share in a business...hopefully, successful.  It has products; revenue stream, physical properties such as land and inventory.  It has intellectual properties, often - patents or registered design trademarks.

A bitcoin (or other) is just coding on a medium.  It makes no money.  It does nothing...no different from a Beanie Baby or a baseball trading card.

One invests in the stock market to GROW assets.  That is, not Bigger Fools to buy the same shares for moar...but to see the business pay dividends, grow, become worth more.  Rule of thumb used to be, seven years' dividends should pay off the price of a share of stock.

Now, however, we have a MASSIVE Stawk Market Bubble...and the BLUE CHIPS, fer crissake, are only paying token dividends...hundredths of the price of a share.  In a rational, non-manipulated world, no one would own such stock, with such pathetic returns, or no returns.

But today is Idiocracy, and we can't understand between sound investment and a Ponzi Scheme, or grasp what central-bank manipulations have done to our most-basic investment tools.

""Not at all.  A stock, is an asset.""


Its shares in a company that you have no control over, and if that sock crashes you lose your dough,

I wonder how the shareholders of facebook are feeling about their asset right now lol

vege57 wrote:


""Not at all.  A stock, is an asset.""


Its shares in a company that you have no control over, and if that sock crashes you lose your dough,

I wonder how the shareholders of facebook are feeling about their asset right now lol

Ever own any stock? I have.

You get dividend checks; you get Annual Reports; and you get, with the Annual Meeting of Shareholders, a proxy vote card of issues that the Directors have put forward for shareholder votes. Those could be amendments to the corporate charter; those could be policy issues or critical decisions, such as whether to purchase another business, or accept an offer to buy the company out.

As well, director nominations and reappointments are up to shareholder vote.

A shareholder can vote-by-proxy (so said because designated attorneys manage the proxy votes and cast them at the shareholders' meeting) or one can attend the meeting in person. Typically there'd be no reason to - you'll be there with the directors and maybe ten shareholders, listening to legalese and Robert's Rules of Order.

But, yes, you have say-so in how the company is run. Your ballot is weighted by your shares. Own ten shares, you get ten votes. Own 100,000 shares...each share has a vote.

If you don't like it...buy crypto. Or Topps Baseball Trading Cards. Or some other non-productive purchase, hoping that the next round of buyers will pay more.

And only a miniscule percentage of everyday shareholders actually vote or would even know what/who they were voting for even if they did.

Well then...don't invest.

Save it for the Daily Ponzi. Buy now, because you'll be able to sell higher tomorrow!

Investing is a waiting game mostly.  They go up and they go down.  It's not a get quick rich scheme although that obviously does happen for some.

It's not all good nor is it all bad.  High returns require high risk but if you're prepared to wait you'll usually be rewarded with gains far better than a bank will ever give you.  Then again you can always shove your money under your mattress like the Chinese do.

Casey Jones wrote:

vege57 wrote:


""Not at all.  A stock, is an asset.""


Its shares in a company that you have no control over, and if that sock crashes you lose your dough,

I wonder how the shareholders of facebook are feeling about their asset right now lol

Ever own any stock?  I have.

You get dividend checks; you get Annual Reports; and you get, with the Annual Meeting of Shareholders, a proxy vote card of issues that the Directors have put forward for shareholder votes.  Those could be amendments to the corporate charter; those could be policy issues or critical decisions, such as whether to purchase another business, or accept an offer to buy the company out.

As well, director nominations and reappointments are up to shareholder vote.

A shareholder can vote-by-proxy (so said because designated attorneys manage the proxy votes and cast them at the shareholders' meeting) or one can attend the meeting in person.  Typically there'd be no reason to - you'll be there with the directors and maybe ten shareholders, listening to legalese and Robert's Rules of Order.

But, yes, you have say-so in how the company is run.  Your ballot is weighted by your shares.  Own ten shares, you get ten votes.  Own 100,000 shares...each share has a vote.

If you don't like it...buy crypto.  Or Topps Baseball Trading Cards.  Or some other non-productive purchase, hoping that the next round of buyers will pay more.

""You get dividend checks; you get Annual Reports; and you get, with the Annual Meeting of Shareholders, ""

And what good has that done the shareholders of facebook. its widow dressing at best , you can effect the make up of the board , but that wont stop them from making poor decisions and losing your money, its a gamble

Casey Jones wrote:Well then...don't invest.

Save it for the Daily Ponzi.  Buy now, because you'll be able to sell higher tomorrow!

Ive made some money on shares, but property in NZ has always been a better investment no capital gains tax, Recently they have brought in a bright line test for investment properties, If you sell it in under ten years you will be taxed on the profit ,the home you live in is not taxed, I have also made a buck on metals

vege57 wrote:

Casey Jones wrote:Well then...don't invest.

Save it for the Daily Ponzi.  Buy now, because you'll be able to sell higher tomorrow!

Ive made some money on shares, but property in NZ has always been a better investment no capital gains tax, Recently they have brought in a bright line test for investment properties, If you sell it in under ten years you will be taxed on the profit ,the home you live in is not taxed,  I have also made a buck on metals

Property would always be my first choice but it's too damned expensive near the cities now and if you invest too far away it's hard to keep an eye on it unless it's vacant land or have a co-investor you trust.

I've thought a lot about metals but am not sure what to do Lolol.

Anyone who invests in lithium is going to see huge profits eventually.